Weekly structural research · MEX · Industrials

PINFRAL Stage Analysis

Promotora y Operadora de Infraestructura, S. A. B. de C. V.

Week ending 25 Sep 2026Close MXN 194.45Tenure DevelopingBenchmark ^MXX

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Early contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and expanding.

Direction -69−100 bearish to +100 bullish

Energy 63/100directional strength

Maturity 12/100lifecycle context

Confidence 70/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderateexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context +24.3%MXN 156.47 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-09-25	194.45	199.95	0.02	21678	Downward Expansion	-69	63
2026-09-18	196.49	200.15	3.66	7399	Downward Expansion	-63	68
2026-09-11	195.00	200.29	2.02	3942	Downward Expansion	-74	80
2026-09-04	194.06	200.52	0.08	4509	Downward Expansion	-85	85
2026-08-28	197.80	201.11	1.03	19626	Downward Expansion	-65	69
2026-08-21	197.00	201.51	0.13	0	Balance	-70	60
2026-08-14	199.00	201.88	3.20	0	Balance	-45	18
2026-08-07	199.00	202.19	-0.80	620	Balance	-19	16
2026-07-31	204.99	202.05	1.95	5016	Balance	31	36
2026-07-24	203.77	201.81	2.06	0	Balance	15	11
2026-07-17	202.78	201.61	1.11	843	Balance	-30	16
2026-07-10	200.00	201.38	-0.24	38129	Balance	-41	30
2026-07-03	201.00	201.38	-0.77	0	Balance	-11	15
2026-06-26	198.00	201.64	-2.51	702	Balance	-40	25
2026-06-19	201.90	201.60	-1.33	0	Balance	6	4
2026-06-12	201.88	201.07	-1.69	0	Balance	25	9
2026-06-05	201.96	200.54	0.97	24	Balance	32	13
2026-05-29	200.00	199.77	-3.58	18583	Balance	34	16
2026-05-22	202.88	199.09	-1.91	4895	Balance	44	20
2026-05-15	202.50	198.39	-1.58	27778	Balance	32	15
2026-05-08	203.86	197.63	-3.55	34332	Balance	36	16
2026-05-01	199.87	196.86	-2.81	62431	Balance	27	11
2026-04-24	199.87	196.49	-4.77	55729	Balance	30	16
2026-04-17	202.76	195.98	-4.31	5754	Balance	35	19
2026-04-10	199.88	195.48	-6.14	7136	Balance	28	13
2026-04-03	204.86	195.01	-3.66	5119	Balance	36	16
2026-03-27	201.37	194.26	-1.21	5575	Balance	15	12
2026-03-20	194.86	193.80	-0.66	12296	Balance	6	10
2026-03-13	201.77	193.33	0.43	223183	Upward Expansion	27	17
2026-03-06	194.87	192.89	-5.36	120631	Upward Expansion	24	17
2026-02-27	200.42	192.84	-8.31	143226	Upward Expansion	38	21
2026-02-20	200.85	192.34	-8.32	73470	Upward Expansion	53	32
2026-02-13	201.86	191.72	-8.09	1905398	Upward Expansion	57	42
2026-02-06	211.84	191.21	-2.68	32579	Upward Expansion	67	67
2026-01-30	209.85	190.37	1.03	28975	Upward Expansion	66	57
2026-01-23	207.86	189.25	-0.76	20827	Upward Expansion	64	43
2026-01-16	208.36	188.05	1.18	37803	Upward Expansion	69	41
2026-01-09	194.87	186.65	-3.71	29198	Upward Expansion	42	28
2026-01-02	197.76	186.07	0.69	21560	Upward Expansion	56	39
2025-12-26	197.87	185.40	-1.47	76166	Upward Expansion	61	66
2025-12-19	195.87	184.67	0.13	65464	Upward Expansion	64	74
2025-12-12	199.88	183.95	1.09	20555	Upward Expansion	67	78
2025-12-05	208.85	182.92	8.01	6651	Upward Expansion	86	82
2025-11-28	196.74	181.93	1.73	6894	Deceleration	68	49
2025-11-21	186.15	180.95	-0.89	15250	Deceleration	31	13
2025-11-14	185.75	180.52	-1.65	24568	Deceleration	15	10
2025-11-07	178.86	180.07	-6.60	39185	Deceleration	-17	20
2025-10-31	179.75	179.85	-5.05	89382	Deceleration	4	12
2025-10-24	181.76	179.43	-1.25	13530	Deceleration	13	10
2025-10-17	179.76	178.88	-2.94	36992	Deceleration	12	9
2025-10-10	180.75	178.40	-0.17	46863	Deceleration	32	18
2025-10-03	188.74	177.63	2.21	15466	Deceleration	58	33
2025-09-26	184.75	176.64	-0.01	81648	Deceleration	40	23
2025-09-19	187.75	175.88	3.97	10102	Deceleration	48	29
2025-09-12	185.75	175.19	2.42	21118	Deceleration	41	23
2025-09-05	182.27	174.25	3.24	19636	Upward Expansion	43	27
2025-08-29	187.75	173.29	10.17	239121	Upward Expansion	62	45
2025-08-22	180.76	172.22	5.87	48354	Upward Expansion	61	48
2025-08-15	188.38	171.03	12.75	13808	Upward Expansion	65	71
2025-08-08	193.34	169.62	17.10	58730	Upward Expansion	82	83
2025-08-01	185.39	167.91	15.52	5511	Upward Expansion	67	78
2025-07-25	182.43	166.57	13.73	24039	Upward Expansion	60	70
2025-07-18	186.50	165.32	19.30	141054	Upward Expansion	75	69
2025-07-11	186.74	163.93	19.87	117221	Deceleration	76	43
2025-07-04	175.99	162.61	11.27	5972	Deceleration	47	26
2025-06-27	171.92	161.49	10.58	74450	Upward Expansion	41	26
2025-06-20	166.57	160.44	9.95	16784	Upward Expansion	44	32
2025-06-13	177.46	159.48	15.49	7534	Upward Expansion	66	50
2025-06-06	177.47	157.83	14.90	0	Upward Expansion	66	49
2025-05-30	176.15	156.26	15.09	744	Upward Expansion	67	51
2025-05-23	174.18	154.73	13.35	2227	Upward Expansion	64	48
2025-05-16	169.05	153.11	11.43	7585	Upward Expansion	60	48
2025-05-09	179.10	151.68	21.70	2578	Upward Expansion	80	61
2025-05-02	167.29	149.97	16.01	5523	Upward Expansion	65	57
2025-04-25	173.20	148.50	19.00	160235	Upward Expansion	73	65
2025-04-18	172.21	146.58	27.63	2736	Upward Expansion	74	65
2025-04-11	172.21	144.76	32.64	21830	Upward Expansion	80	68
2025-04-04	167.28	142.81	30.37	117755	Upward Expansion	73	62
2025-03-28	165.33	140.93	25.94	328631	Upward Expansion	74	63
2025-03-21	165.33	139.21	28.36	9563	Upward Expansion	79	68
2025-03-14	157.47	137.49	23.96	4959	Upward Expansion	66	65
2025-03-07	159.11	136.03	25.48	3028	Upward Expansion	67	76
2025-02-28	161.88	134.51	30.04	27914	Upward Expansion	73	86
2025-02-21	167.29	132.78	32.12	101984	Upward Expansion	92	95
2025-02-14	157.45	130.96	24.78	17251	Upward Expansion	80	78
2025-02-07	153.52	129.29	25.60	29485	Upward Expansion	76	72
2025-01-31	155.74	127.85	32.48	42701	Upward Expansion	86	67
2025-01-24	145.01	126.24	24.24	90304	Upward Expansion	63	54
2025-01-17	145.97	125.13	29.61	2081	Upward Expansion	69	60
2025-01-10	142.11	123.92	28.05	34727	Upward Expansion	64	60
2025-01-03	145.01	123.19	33.41	15744	Upward Expansion	67	66
2024-12-27	145.00	122.46	33.68	0	Upward Expansion	70	70
2024-12-20	145.00	121.77	34.11	283703	Upward Expansion	72	82
2024-12-13	146.94	121.04	31.70	13249	Upward Expansion	86	94
2024-12-06	142.59	120.35	29.57	14607	Upward Expansion	85	91
2024-11-29	140.16	119.83	32.38	470657	Upward Expansion	87	88
2024-11-22	137.75	119.10	29.70	108429	Upward Expansion	89	84
2024-11-15	128.09	118.30	21.50	2076323	Upward Expansion	67	75
2024-11-08	130.50	117.76	21.28	18974	Upward Expansion	78	85
2024-11-01	130.03	117.04	24.40	21934	Upward Expansion	82	90
2024-10-25	125.67	116.48	18.29	40890	Upward Expansion	71	86
2024-10-18	126.03	115.91	16.40	23454	Upward Expansion	77	84
2024-10-11	127.93	115.18	20.03	205690	Balance	78	82
2024-10-04	123.19	114.52	15.67	34961	Balance	52	59
2024-09-27	115.61	113.97	8.71	16555	Balance	21	20
2024-09-20	117.50	113.65	12.03	4513	Balance	29	18
2024-09-13	113.71	113.37	9.23	31700	Balance	-4	5
2024-09-06	110.87	113.21	8.75	18306	Balance	-12	10
2024-08-30	113.71	113.23	8.03	108343	Balance	-2	10
2024-08-23	113.71	113.02	7.20	565006	Balance	3	8
2024-08-16	113.71	112.87	6.28	7279	Deceleration	-1	7
2024-08-09	113.71	112.79	8.56	4865	Deceleration	-7	14
2024-08-02	109.92	112.62	6.89	13446	Rotation Down	-21	25
2024-07-26	112.77	112.59	8.70	4478	Rotation Down	-22	35
2024-07-19	107.09	112.47	1.85	2889	Deceleration	-32	46
2024-07-12	110.40	112.59	2.66	5858	Deceleration	-22	36
2024-07-05	107.51	112.52	5.05	12447	Deceleration	-23	33
2024-06-28	111.82	112.32	9.21	19642	Deceleration	12	20
2024-06-21	109.45	111.83	6.41	30947	Upward Expansion	17	14
2024-06-14	120.35	111.41	18.40	244533	Upward Expansion	58	48
2024-06-07	123.19	110.64	19.90	34435	Upward Expansion	64	67
2024-05-31	124.14	109.88	16.48	61208	Upward Expansion	66	85
2024-05-24	123.19	108.96	15.45	224856	Upward Expansion	68	87
2024-05-17	126.03	108.00	13.92	30917	Upward Expansion	85	94
2024-05-10	126.98	106.98	14.77	83688	Upward Expansion	92	90
2024-05-03	118.45	105.92	8.44	90713	Upward Expansion	80	72
2024-04-26	113.71	105.05	2.96	94770	Upward Expansion	65	60
2024-04-19	111.82	104.48	4.73	8877	Deceleration	58	49
2024-04-12	108.86	103.90	0.74	22961	Deceleration	36	24
2024-04-05	113.43	103.51	2.14	1785639	Deceleration	64	33
2024-03-29	108.50	102.94	-1.14	152451	Deceleration	23	13
2024-03-22	104.25	102.57	-3.81	2089	Deceleration	10	12
2024-03-15	108.03	102.43	0.14	26069	Deceleration	33	18
2024-03-08	106.61	102.18	0.99	17893	Deceleration	34	18
2024-03-01	106.13	101.90	-0.49	8836	Deceleration	39	26
2024-02-23	108.97	101.73	0.18	40067	Deceleration	43	31
2024-02-16	108.98	101.50	-0.54	15714	Upward Expansion	54	38
2024-02-09	111.34	101.26	1.42	27053	Upward Expansion	66	47
2024-02-02	107.66	101.03	-3.32	41238	Upward Expansion	59	45
2024-01-26	108.97	100.84	0.31	16491	Upward Expansion	62	52
2024-01-19	111.35	100.65	5.28	25834	Upward Expansion	73	73
2024-01-12	108.83	100.43	2.86	2604878	Upward Expansion	67	83
2024-01-05	108.98	100.35	2.18	1951671	Rotation Up	69	85
2023-12-29	108.98	100.18	0.32	1910331	Rotation Up	46	74
2023-12-22	110.87	100.02	2.35	1915454	Rotation Up	59	75
2023-12-15	108.35	99.91	0.63	10549	Balance	45	51
2023-12-08	101.41	99.86	-0.86	28376	Balance	6	12
2023-12-01	97.23	100.02	-3.86	9673	Balance	-16	14
2023-11-24	96.78	100.37	-2.38	2205	Downward Expansion	-27	19
2023-11-17	97.23	100.91	-1.28	33100	Downward Expansion	-29	18
2023-11-10	100.48	101.20	5.06	25358	Downward Expansion	-23	15
2023-11-03	96.31	101.47	1.03	21575	Downward Expansion	-52	34
2023-10-27	94.46	101.86	3.93	556	Downward Expansion	-60	46
2023-10-20	95.39	102.25	6.82	7688	Downward Expansion	-58	45
2023-10-13	95.38	102.68	4.81	6768	Downward Expansion	-61	50
2023-10-06	92.14	103.09	0.94	50324	Downward Expansion	-78	64

Price vs TrendBelow-2.7%

Trend directionFalling-0.8%

Price vs current Fair ValuePremium+24.3%

Fair Value directionMoving away-9.3%

Relative Strength vs benchmarkLeading+0.0%

Relative strength directionImproving+2.5%

Price momentumNegative-3.4%

Volume balanceSupply-led0.57×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-69 / ±100

-3.9 points since 2026-08-28

Energy

63 /100

-6.2 points since 2026-08-28

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

PINFRAL Directional State ↗ PINFRAL Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance23

Rotation Up11

Upward Expansion11

Deceleration42

Rotation Down74

Downward Expansion87

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 22%Rotation Up 2%Upward Expansion 48%Deceleration 19%Rotation Down 1%Downward Expansion 8%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-08-28	2026-09-25	Developing	-1.7%
Balance	2026-03-20	2026-08-21	Established	+1.1%
Upward Expansion	2025-12-05	2026-03-13	Established	-3.4%
Deceleration	2025-09-12	2025-11-28	Developing	+5.9%
Upward Expansion	2025-07-18	2025-09-05	Developing	-2.3%
Deceleration	2025-07-04	2025-07-11	New	+6.1%
Upward Expansion	2024-10-18	2025-06-27	Extended	+36.4%
Balance	2024-08-23	2024-10-11	Developing	+12.5%
Deceleration	2024-08-09	2024-08-16	New	+0.0%
Rotation Down	2024-07-26	2024-08-02	New	-2.5%
Deceleration	2024-06-28	2024-07-19	New	-4.2%
Upward Expansion	2024-04-26	2024-06-21	Developing	-3.8%
Deceleration	2024-02-23	2024-04-19	Developing	+2.6%
Upward Expansion	2024-01-12	2024-02-16	Developing	+0.1%

Classic Stage Analysis comparison

Stage 1 · Basing43

Stage 2 · Advancing34

Stage 3 · Distribution73

Stage 4 · Declining66

Legacy result: Stage 3 · Stage 3B · Distribution. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^MXX

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation: 60/100
Current Relative Strength: 0.02
Relative Strength direction: Improving
Price momentum: -3.4%
Excess performance vs benchmark: -0.9%
Industrials regime cohort: 30th percentile23 in cohort

Test PINFRAL trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.82×

Latest completed volume relative to typical participation.

Up/down volume0.57×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+37.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore PINFRAL Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity MXN 195.28falling

Slow Activity MXN 199.35falling

Trend Reference MXN 199.95-2.7% close margin

Current Fair Value MXN 156.47+24.3% close margin

Structural low MXN 190.00shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +1.7%

Annualized volatility +9.4%

From structural high -9.9%

From structural low +12.5%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^MXX	Regime survived	Read
Near term	14	-1.8%-6.6% to +14.1%	+42.9%	+57.1%	+0.2%	+78.6%	Usable descriptive sample
Intermediate	5	+2.1%-9.0% to +15.0%	+60.0%	+40.0%	+1.7%	+40.0%	Usable descriptive sample
Extended	3	+4.7%-4.7% to +10.7%	+66.7%	+33.3%	+6.1%	+0.0%	Too little matched history
Full cycle	3	+15.1%-6.8% to +32.1%	+66.7%	+33.3%	+17.8%	+33.3%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

PINFRAL Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Similar Charts

RMI Reversal Map